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A survey on the effects of sterilized foreign exchange intervention

dc.creatorVillamizar-Villegas, Mauricio
dc.creatorPerez-Reyna, David
dc.date.created2015-01-16
dc.date.issued2015-01-16
dc.identifier.urihttps://repositorio.banrep.gov.co/handle/20.500.12134/6150
dc.description.abstractIn this paper we survey prominent theories that have shaped the literature on sterilized foreign exchange interventions. We identify three main strands of literature: 1) that which advocates the use of sterilized interventions; 2) that which deems sterili
dc.format.mimetypePDF
dc.language.isospa
dc.publisherBanco de la República
dc.relation.ispartofDocumentos de Trabajo
dc.relation.ispartofseriesBorradores de Economía
dc.relation.isversionofBorradores de Economía; No. 862
dc.rights.accessRightsOpen Access
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/
dc.titleA survey on the effects of sterilized foreign exchange intervention
dc.typeWorking Paper
dc.subject.jelE52 - Monetary Policy
dc.subject.jelE58 - Central Banks and Their Policies
dc.subject.jelF31 - Foreign Exchange
dc.subject.keywordSterilized foreign exchange intervention
dc.subject.keywordImpossible trinity
dc.subject.keywordPortfolio balance channel
dc.subject.keywordSignaling channel
dc.subject.keywordUncovered interest rate parity
dc.subject.lembCambio exterior -- Intervención del estado
dc.subject.lembTasas de interior
dc.subject.lembCambio exterior -- Modelos
dc.subject.lembCambio exterior -- Teorías
dc.type.spaDocumentos de trabajo
dc.rights.spaAcceso abierto
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0
dc.subject.jelspaE58 - Bancos centrales y sus políticas
dc.subject.jelspaF31 - Tipos de cambio
dc.subject.jelspaE52 - Política monetaria
dc.type.hasversionPublished Version
dc.coverage.sucursalBogotá
dc.relation.doihttps://doi.org/10.32468/be.862
dc.rights.disclaimerLas opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
dc.relation.repechttps://ideas.repec.org/p/bdr/borrec/862.html
dc.relation.dotechttps://ideas.repec.org/p/col/000094/012424.html
dc.identifier.handlehttps://hdl.handle.net/20.500.12134/6150
dc.source.handleRepecRePEc:col:000094:012424
dc.source.handleRepecRePEc:bdr:borrec:862


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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit